Is it time to form a new city? Maybe...

Post by Mike Flynn

The link below is positive since there has been some behind the scenes organization to form a new city in Albany's Northwest sector. Just think what a new city with the tax base of the Albany Mall, Doublegate, and Chic-Fil-A could do!

Judge tosses lawsuit to dissolve new cities

Average US home undervalued by 4%

Post by Mike
These two stories show the market bottoming.

Zerohedge - data from CoreLogic shows prices stable

Trend lines - Realty Bubble

This is a big part of the problem...

Post by Mike
This just came out on Zerohedge. It tells the story of a couple that has lived in their 4,900 square foot Maryland home, for FIVE YEARS without making a single  payment. Oh... and they put nothing down on the purchase.

JUST LIVING THE DREAM!

Mortgage conditions are improving.

Post by Mike
While the lending market is still very tight, the conditions are improving as stated in this article: Money starts to flow back into real estate.

We still have a ways to go, but all signs are pointing to a bottom. The FED's zero interest rate policy (ZIRP) guarantees your dollars will not bear any interest in deposit accounts. Wall Street is still struggling with the image of a rigged game. Hard assets are being viewed as the best investment in our current environment, and real estate can produce income and return while gold and other tangibles don't.

Plus remember the old adage "buy low, sell high". Real estate is definitely undervalued.

NW Albany redevelopment a step in the right direction

Post by Mike
In case you missed it, this is great news for Southwest Georgia. The Albany Inn sits on four prime acres at the intersection of Westover Road and Dawson Road. It may be the highest traffic count in Albany.

If the new owners had operated it as a weekly stay hotel, it would quickly degenerate into a floop house and every property in the area would have been affected. This redevelopment of the site is exactly what Albany needed.

New development in NW Albany

Is it time to buy tangibles?

Post by Mike
This is a little dated from November of 2011, but the logic is very sound. We may be in the investment environment of a lifetime. Remember what happened after the Savings and Loan disasters? Sure there was some temporary pain, but once the reset was finished.... we were off to the races again!

Link: Investing in tangible value.

Halftime in America!

Post by Mike

Call me a stupid old jock, but I really liked the Clint Eastwood commercial during the Super Bowl.

I would have added a few things like:

"Okay we had an early lead in the first quarter, and then kept fumbling the damn football. So now we are down at the half. What are you prepared to do about it?"

And, not to get too political, but I would have included something to the effect of:

"Our quarterback has been trying, but he just doesn't seem to know how our system works. Sorry Obama, I got to pull you for the good of the team."